Piper Aircraft Reports Growth in Q2 Deliveries, Revenue

Vero Beach company said its diverse model lineup attracts a wide range of pilots.

Friday, August 18, 2023 at 11:44 AM ET

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Piper said demand for its M-Class aircraft helped drive an increase in second-quarter deliveries. [Credit: Shutterstock]

Key Takeaways:

Piper Aircraft reported significant growth in Q2, with aircraft deliveries increasing by almost 14% and revenue rising by over 19% compared to the same period in 2022.
This strong performance was driven by high demand for both its M-Class high-performance aircraft and training aircraft, leading to backlogs extending into 2024 for M-Class and late 2025/2026 for trainers.
The company also saw substantial international growth, with deliveries up 50% year-over-year in Q2, benefiting from the diversity of its model lineup.

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Piper Aircraft Inc. released its aircraft delivery and revenue results for the second quarter, which increased compared with the same period in 2022. The company said its performance improved “across all metrics” as the overall general aviation market continued to stabilize.

Piper’s airplane deliveries for the recent quarter increased by seven, or almost 14 percent, while revenue rose by $9 million, or more than 19 percent. The results reflect strong demand for Piper’s M-Class high-performance top-endtop-ene models as well as its training aircraft.